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NE LR200
Resolution
Status
5/14/2025
Primary Sponsor
Michael Jacobson
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AI Summary
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Proposes an interim study on rising property insurance costs affecting Nebraska homeowners and businesses, with focus on legislative solutions to encourage or supplement coverage access
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Directs examination of historical and forecasted premium costs, as well as the number of uninsured or underinsured properties in Nebraska
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Requires analysis of causes and trends affecting property owners' ability to obtain affordable coverage
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Calls for review of other states' programs, including Fair Access to Insurance Requirements (FAIR) Plans and incentive programs for residual property insurance
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Assigns the Banking, Commerce and Insurance Committee to conduct the study and report findings with recommendations to the Legislative Council or Legislature
Legislative Description
Interim study to examine the impact of increasing insurance costs on Nebraska homeowners and businesses
Last Action
Referred to Banking, Commerce and Insurance Committee
5/19/2025